(A) A listing agent or any real estate licensee operating for any party in a residential real estate transaction must inform in writing each owner covered by the listing agreement of the owner's obligations prescribed in this article. If the listing agent performs this duty, he is not liable for the owner's refusal or failure to provide a prospective purchaser with a disclosure statement.
(B) This article does not conflict with or alter the duties of the real estate licensee pursuant to the regulations of the commission. The real estate licensee, whether acting as the listing agent or selling agent, is not liable to a purchaser if:
(1) the owner provides the purchaser with a disclosure form that contains false, incomplete, or misleading information; and
(2) the real estate licensee did not know or have reasonable cause to suspect the information was false, incomplete, or misleading.
HISTORY: 2002 Act No. 336, Section 2.
Structure South Carolina Code of Laws
Title 27 - Property and Conveyances
Chapter 50 - The Residential Property Condition Disclosure Act
Section 27-50-10. Definitions.
Section 27-50-20. Scope of article.
Section 27-50-30. Certain transfers excluded from scope of article.
Section 27-50-40. Disclosure statements; contents; owner options.
Section 27-50-60. Corrected disclosure statements; reasonable repairs before closing.
Section 27-50-80. Obligation of purchaser to inspect.
Section 27-50-90. "Psychologically affected" property disclosure exceptions.
Section 27-50-100. Landlord-tenant relationship.
Section 27-50-210. Short title.
Section 27-50-220. Scope of article.
Section 27-50-230. Definitions.
Section 27-50-250. Transfer of title of residential property subject to vacation rental agreement.
Section 27-50-260. Tenant compliance with evacuation orders.
Section 27-50-270. Effect of failure to disclose vacation rental agreement to purchaser.